Theleme Partners LLP Has $111.46 Million Stake in Uber Technologies, Inc. $UBER

Key Points

• Theleme Partners LLP increased its stake in Uber Technologies, Inc. by 22%, owning approximately $111.46 million worth of shares, which now represents 8.8% of its investment portfolio.
• Industry analysts have set varying price targets for Uber, with some firms increasing their targets to as high as $113.00 while maintaining a consensus rating of "Moderate Buy."
• Uber reported a net profit margin of 26.68% and an earnings per share (EPS) of $0.63 for the last quarter, exceeding analyst expectations.

Theleme Partners LLP boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 22.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,529,750 shares of the ride-sharing company's stock after purchasing an additional 276,000 shares during the period. Uber Technologies comprises approximately 8.8% of Theleme Partners LLP's investment portfolio, making the stock its 7th biggest position. Theleme Partners LLP owned 0.07% of Uber Technologies worth $111,458,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Noble Wealth Management PBC bought a new stake in Uber Technologies during the first quarter worth $27,000. Kozak & Associates Inc. lifted its stake in Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after purchasing an additional 223 shares during the last quarter. Vision Financial Markets LLC bought a new stake in Uber Technologies during the first quarter worth $27,000. GPS Wealth Strategies Group LLC lifted its stake in Uber Technologies by 305.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after purchasing an additional 299 shares during the last quarter. Finally, Perkins Coie Trust Co lifted its stake in Uber Technologies by 306.0% during the first quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock worth $30,000 after purchasing an additional 306 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on UBER. Needham & Company LLC upped their target price on Uber Technologies from $100.00 to $109.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Wedbush dropped their price target on Uber Technologies from $85.00 to $84.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. Loop Capital reiterated a "buy" rating and issued a $105.00 price target (up from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Royal Bank Of Canada increased their price target on Uber Technologies from $94.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Finally, BMO Capital Markets increased their price target on Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $103.06.

Uber Technologies Stock Down 1.2%

Shares of NYSE:UBER opened at $90.89 on Friday. The firm has a market cap of $189.54 billion, a P/E ratio of 15.48, a P/E/G ratio of 1.04 and a beta of 1.43. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $97.71. The business has a fifty day simple moving average of $92.42 and a 200 day simple moving average of $84.03.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. The business had revenue of $12.65 billion during the quarter, compared to analyst estimates of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.Uber Technologies's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period last year, the company earned $0.47 EPS. Analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Nikki Krishnamurthy sold 11,571 shares of the firm's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the transaction, the senior vice president directly owned 416,222 shares of the company's stock, valued at $38,184,206.28. This trade represents a 2.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 31,250 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the transaction, the insider directly owned 86,531 shares of the company's stock, valued at approximately $8,343,319.02. This represents a 26.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,696 shares of company stock valued at $4,632,774 in the last quarter. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Company Profile

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.

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